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Friday, November 8, 2024

The state of Washington collected $1.7 billion in property tax revenue in Q3 2023

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Drew Shirk Director of the Department of Revenue at Washington Department of Revenue | Washington Department of Revenue

Drew Shirk Director of the Department of Revenue at Washington Department of Revenue | Washington Department of Revenue

Washington collected $1.7 billion in property taxes during the third quarter of 2023, after no property tax was collected in the second quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Overall, Washington collected $9.9 billion in combined tax revenues in the the third quarter of 2023, an increase from the $8.6 billion collected in the previous quarter.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q3 2023 Washington Tax Collections
Type of TaxAmount (millions)
Property Taxes$1,657
Sales and Gross Receipts Taxes$7,248
Income Taxes$41
License Taxes$526
Other Taxes$467
Source: U.S. Census Bureau

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